In the not so distant past Disney was a company in trouble. The board wanted to split off the different parts of the company including the theme parks. Enter the team of Eisner and Wells who were charged with keeping the company together. Eisner watched the numbers and Wells brought creativity and a customer focus. They built new things and made service a focus of the company. The company had tremendous growth in this time while bringing people back to the parks and rebuilding the brand.
Since this time people have been riding on these accomplishment and have started to believe that the name was what made the company and lost focus on what turned the company around.
This is kind of a misrepresentation/simplification of what happened. Disney was not so much in trouble (aside from the squabbling and the inability of the two families to work together) as they were sitting on piles of gold and doing nothing with it. Disney was an extremely valuable commodity, which is why they were so susceptible to corporate raiders. Many people think it was "Walt & Roy O. ideas" that had failed vs fighting=nothing. The old guard of Card Walker types were so paralyzed with "what would Walt do," that they forgot to actually do "what Walt would do." [note: WWWD is not a bad strategy, if you actually do it...fighting over what it means, resulting in nothing is something Walt would have NEVER done]. Walt was highly adaptable proven by being on the leading edges of use of sound/color in films, that whole animation thing, and going over the banker's heads to this emerging market of television to fund and market
Disneyland. He bet big on progress, and it served him well. Walt never would have let what happened, happen, and I would have hoped that as financially creative as Roy O was he would have recognized the dangers of the shifting sands of the 80's corporate world.
But Eisner/Wells actually did some of the things that Ron Miller wanted to do. History has warped the narrative to some extent with certain parties wanting to paint others as more inept than they were, and their role was more savior that it might have been. Everyone with any interest in this stuff should read John Taylor's book Storming the Magic Kingdom. It was published in 1987, so by being closer to the events of the early 80s, I think you get a more accurate version, then from some of the books that have come later. I need to reread it, it's been awhile. It's interesting that you do mention Eisner as numbers and Wells as creative...many people believe it was the other way around, and Eisner certainly seemed to envision himself as the creative one. Personally, I think it was mostly Wells...and Eisner was simply lucky that Wells did not want to be CEO. And we got to see that after Wells passing and Eisner suffered his own paralysis and crisis of confidence.
But the rest of your post is spot on, as I've posted before I believe it was the investments Wells & Eisner made in WDW, that is driving THIS current wave of growth, as the kids who witnessed that now have kids of their own, and have been waiting for that day all their life. More that, than the decisions made within TDO over the last 20 years. Do those "Eisner kids" like what WDW has turned into, and their children? Too soon to tell, I think. If we're only up to the "Eisner kids" as parents, we haven't even gotten to the kids who went for the first time under Judson Green's "every time we open something, we have to close something," philosophy, or Paul Pressler's "if we do only critical maintenance, the numbers look way better, what else can we cut" philosophy. Choices the current crop of managers, seems to have doubled down on. But then again, I doubt the current crop expects to be there when the "chickens come home to roost."